Remuneration to whole time director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2012
KINDLY PLEASE GUIED ME ON FOLLOWING CASE:
FOR THE YEAR 01/04/2010-31/03/2011 WHOLETIME DIRECTOR HAD BEEN
APPOINTED WITH RS 75000.
NOW FOR 01/04/2011-31/03/2012 MANAGEMENT WANT TO INCREASE wtd'S REMUNERATION TO 1,10,000(WHICH IS WITHIN LIMIT OF sCHEDUAL XIII)
MY QUESTION IS CAN WE PASS SPECIAL RESOLUTION IN AGM THAT IS 30/09/2012??
CAN SHARE HOLDER PASS 6 MONTHS BACK EFFECTIVE REMUNERATION??
FOR THE YEAR 01/04/2010-31/03/2011 WHOLETIME DIRECTOR HAD BEEN
APPOINTED WITH RS 75000.
NOW FOR 01/04/2011-31/03/2012 MANAGEMENT WANT TO INCREASE wtd'S REMUNERATION TO 1,10,000(WHICH IS WITHIN LIMIT OF sCHEDUAL XIII)
MY QUESTION IS CAN WE PASS SPECIAL RESOLUTION IN AGM THAT IS 30/09/2012??
CAN SHARE HOLDER PASS 6 MONTHS BACK EFFECTIVE REMUNERATION??
Ajay Mishra
(Expert)
06 July 2012
Hi
Yes, you can do so. Approval of the company in general meeting can take subsequently. I have deal same matter with CG approval.
Regards
Yes, you can do so. Approval of the company in general meeting can take subsequently. I have deal same matter with CG approval.
Regards
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